Executive Summary & Highlights [Overall Financial Performance](index=1&type=section&id=Overall%20Financial%20Performance) Peabody reported **$101.3 million** net income attributable to common stockholders for Q3 2024, a decrease from prior year, with **$224.8 million Adjusted EBITDA** and strong operating cash flow Overall Financial Performance Summary | Metric | Q3 2024 (Millions) | Q3 2023 (Millions) | | :-------------------------------- | :------------------- | :------------------- | | Net Income Attributable to Common Stockholders | $101.3 | $119.9 | | Diluted EPS | $0.74 | $0.82 | | Adjusted EBITDA | $224.8 | N/A | | Operating Cash Flow | $359.9 | N/A | [Key Operational Highlights](index=1&type=section&id=Key%20Operational%20Highlights) Peabody achieved significant operational milestones in Q3 2024, including project acceleration, strong production, and shareholder returns - Centurion development rates exceeded expectations, developing **2,700 meters** in Q3 compared to a plan of **1,200 meters**. First development coal was washed in September, with the first customer shipment scheduled for Q4[2](index=2&type=chunk) - Powder River Basin (PRB) volumes were **22.1 million tons**, surpassing expectations[2](index=2&type=chunk) - Seaborne Thermal production increased, adding approximately **300 thousand tons** to saleable coal inventory[2](index=2&type=chunk) - Completed **$100 million** of share repurchases during the quarter[2](index=2&type=chunk) - Declared a common stock dividend of **$0.075 per share**[2](index=2&type=chunk) Third Quarter Segment Performance [Seaborne Thermal](index=2&type=section&id=Seaborne%20Thermal) The Seaborne Thermal segment reported strong performance with **$120.0 million Adjusted EBITDA**, driven by better-than-anticipated production and costs, with Adjusted EBITDA margin per ton increasing by **15%** Seaborne Thermal Segment Performance | Metric | Sept. 2024 Quarter | Jun. 2024 Quarter | Sept. 2023 Quarter | | :-------------------------------- | :------------------- | :------------------ | :------------------- | | Tons sold (in millions) | 4.1 | 4.1 | 4.2 | | Revenue per Ton | $76.21 | $74.43 | $71.38 | | Costs per Ton | $47.01 | $49.14 | $43.68 | | Adjusted EBITDA Margin per Ton | $29.20 | $25.29 | $27.70 | | Adjusted EBITDA (in millions) | $120.0 | $104.4 | $115.5 | - Adjusted EBITDA margin per ton increased by **15 percent** compared to the second quarter, driven by better than anticipated production and costs[3](index=3&type=chunk) - Higher production resulted in adding approximately **300 thousand tons** to saleable coal inventory during the quarter[3](index=3&type=chunk) [Seaborne Metallurgical](index=2&type=section&id=Seaborne%20Metallurgical) The Seaborne Metallurgical segment reported **$27.8 million Adjusted EBITDA**, with shipments and costs in line with expectations, strategically withholding nearly **90 thousand tons** for a stronger fourth quarter Seaborne Metallurgical Segment Performance | Metric | Sept. 2024 Quarter | Jun. 2024 Quarter | Sept. 2023 Quarter | | :-------------------------------- | :------------------- | :------------------ | :------------------- | | Tons sold (in millions) | 1.7 | 2.0 | 1.5 | | Revenue per Ton | $144.60 | $149.29 | $162.02 | | Costs per Ton | $128.04 | $117.47 | $110.38 | | Adjusted EBITDA Margin per Ton | $16.56 | $31.82 | $51.64 | | Adjusted EBITDA (in millions) | $27.8 | $143.6 | $78.6 | - Opportunistically withheld nearly **90 thousand tons** of shipments at Shoal Creek to avoid higher alternate logistics costs and weak market conditions for spot sales[4](index=4&type=chunk) - The segment is positioned for a stronger fourth quarter[4](index=4&type=chunk) [Powder River Basin (PRB)](index=3&type=section&id=Powder%20River%20Basin%20(PRB)) The Powder River Basin segment exceeded volume expectations at **22.1 million tons**, with improved cost management leading to a more than doubling of Adjusted EBITDA margins per ton to **$2.34 per ton** Powder River Basin Segment Performance | Metric | Sept. 2024 Quarter | Jun. 2024 Quarter | Sept. 2023 Quarter | | :-------------------------------- | :------------------- | :------------------ | :------------------- | | Tons sold (in millions) | 22.1 | 15.8 | 22.7 | | Revenue per Ton | $13.84 | $14.02 | $13.79 | | Costs per Ton | $11.50 | $12.89 | $11.41 | | Adjusted EBITDA Margin per Ton | $2.34 | $1.13 | $2.38 | | Adjusted EBITDA (in millions) | $51.7 | $17.8 | $54.1 | - PRB volumes of **22.1 million tons** were better than expected customer nominations[6](index=6&type=chunk) - Adjusted EBITDA margins increased to **$2.34 per ton**, more than double the second quarter, due to continued focus on cost management[6](index=6&type=chunk) [Other U.S. Thermal](index=3&type=section&id=Other%20U.S.%20Thermal) The Other U.S. Thermal segment delivered **4.0 million tons** at costs of **$46.50 per ton**, aligning with expectations, and reported **$28.4 million Adjusted EBITDA** Other U.S. Thermal Segment Performance | Metric | Sept. 2024 Quarter | Jun. 2024 Quarter | Sept. 2023 Quarter | | :-------------------------------- | :------------------- | :------------------ | :------------------- | | Tons sold (in millions) | 4.0 | 3.7 | 4.2 | | Revenue per Ton | $53.52 | $55.21 | $53.89 | | Costs per Ton | $46.50 | $45.53 | $42.28 | | Adjusted EBITDA Margin per Ton | $7.02 | $9.68 | $11.61 | | Adjusted EBITDA (in millions) | $28.4 | $35.4 | $49.1 | - Delivered **4.0 million tons** at costs of **$46.50 per ton**, in-line with expectations[7](index=7&type=chunk) Strategic Developments [Centurion Project Update](index=3&type=section&id=Centurion%20Project%20Update) Peabody provided a comprehensive update on the Centurion premium hard coking coal project, estimating a net present value of **$1.6 billion** and a **25%** internal rate of return, with first customer shipment anticipated in Q4 2024 - Centurion project estimated net present value of **$1.6 billion** with a **25 percent** internal rate of return[8](index=8&type=chunk) - Expected to produce **4.7 million tons** annually at first quartile costs over a **25-plus year** mine life[8](index=8&type=chunk) - First development coal produced in June, first coal washed in September, and first customer shipment scheduled for the fourth quarter[8](index=8&type=chunk) - Peabody has invested **$250 million** of the projected **$489 million** needed to reach longwall production in March 2026[8](index=8&type=chunk) Shareholder Returns [Share Repurchase Program](index=4&type=section&id=Share%20Repurchase%20Program) Peabody repurchased **4.5 million shares** for **$100 million** in Q3 2024, bringing total repurchases for the year to **$180.4 million**, with **$469.6 million** remaining under the **$1 billion** program - Repurchased **4.5 million shares** for **$100 million** in Q3 2024[11](index=11&type=chunk) - Total repurchases for the year are **7.7 million shares** totaling **$180.4 million**[11](index=11&type=chunk) - Since 2023, **$530.4 million** has been repurchased, leaving **$469.6 million** under the **$1 billion** program[11](index=11&type=chunk) [Dividends](index=4&type=section&id=Dividends) The company declared a dividend of **$0.075 per share** on October 31, 2024 - Declared a **$0.075 per share** dividend on October 31, 2024[11](index=11&type=chunk) Financial Outlook & Guidance [Fourth Quarter 2024 Outlook](index=4&type=section&id=Q4%202024%20Outlook) Peabody provided specific volume, pricing, and cost expectations for its segments for Q4 2024, including an increase in full-year Seaborne Thermal volume guidance [Seaborne Thermal Outlook](index=4&type=section&id=Seaborne%20Thermal%20Outlook) - Q4 volume expected to be **4.1 million tons**, including **2.5 million export tons**[13](index=13&type=chunk) - **0.4 million export tons** priced at approximately **$120 per ton**; **0.8 million tons** of Newcastle product and **1.3 million tons** of high ash product are unpriced[13](index=13&type=chunk) - Costs anticipated to be **$48-$53 per ton**[13](index=13&type=chunk) - Full year volume guidance increased by **200 thousand tons** to **16-16.4 million tons**

Completed $100 Million of Share RepurchasesCenturion Development Making Exceptional Progress ST. LOUIS, Oct. 31, 2024 /PRNewswire/ -- Peabody (NYSE: BTU) today reported net income attributable to common stockholders of $101.3 million, or $0.74 per diluted share, for the third quarter of 2024, compared to $119.9 million, or $0.82 per diluted share in the prior year quarter. Peabody had Adjusted EBITDA1 of $224.8 million in the third quarter of 2024."In the third quarter, we delivered strong operational and s ...

Investing in stocks based on valuation metrics is considered a smart strategy. The price-to-earnings (P/E) ratio is often the go-to metric due to its simplicity and ease of use. However, the price-to-sales (P/S) ratio is more useful for evaluating stocks of companies that are unprofitable or in early growth stages, as it helps assess value when earnings are minimal or non-existent. What is the Price-to-Sales Ratio? While a loss-making company with a negative price-to-earnings ratio falls out of investor fav ...

Peabody Energy (BTU) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock ...

ST. LOUIS, Oct. 17, 2024 /PRNewswire/ -- On Thursday, October 31, 2024, Peabody (NYSE: BTU) will announce results for the quarter ended September 30, 2024. A conference call with management is scheduled for 10 a.m. CT on Thursday, October 31, 2024. Instructions for the conference call participation and accessing a replay, as well as other investor data will be available at PeabodyEnergy.com prior to the call. Participants may also access the call using the following phone numbers: U.S. Toll Free 1 833 816 1 ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Peabody Energy (BTU) one of those stocks right now? A quick glance at the company's year-todate performance in comparison to the rest of the Oils-Energy sector should help us answer this question. Peabody Energy is one of 242 companies in the Oils-Energy group. The Oils-Energy group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups an ...

Integrated Mine Plan Complete with Estimated Net Present Value of $1.6 billion Average Annual Production of 4.7 Million Tons at First Quartile Cost and Mine Life of 25+ years ST. LOUIS, Oct. 11, 2024 /PRNewswire/ -- Peabody (NYSE: BTU) today provided an investor presentation on project development and the related integrated mine plan at Centurion, the Company's premium low volatile hard coking coal project located in Australia's Bowen Basin. The Company will hold a conference call on Monday, October 14, 202 ...

ST. LOUIS, Oct. 8, 2024 /PRNewswire/ -- On Monday, October 14, 2024, Peabody (NYSE: BTU) will host a presentation providing enhanced detail about the development of Centurion, the Company's premium hard coking coal cornerstone asset located in Australia's Bowen Basin. A conference call with management is scheduled for 3 p.m. CT on Monday, October 14, 2024. Following the formal presentation, time will be set aside for questions. Instructions for the conference call participation and accessing a replay, as we ...

Core Viewpoint - Peabody Energy has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Peabody Energy is projected at $3.11 per share for the fiscal year ending December 2024, reflecting a year-over-year decline of 37.8% [9]. - Over the past three months, analysts have raised their earnings estimates for Peabody Energy by 40.1% [9]. Zacks Rating System - The Zacks rating system is based solely on a company's earnings picture, tracking EPS estimates from sell-side analysts [2]. - The system classifies stocks into five groups, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [10][11]. Market Impact - The upgrade to Zacks Rank 1 suggests that Peabody Energy's improving earnings outlook could lead to higher stock prices, driven by institutional investors responding to changes in earnings estimates [5][6].

Core Viewpoint - The article emphasizes the importance of value investing as a strategy to identify strong stocks, particularly highlighting Peabody Energy (BTU) as a notable example due to its favorable financial metrics and strong Zacks Rank [2][3][7] Company Metrics - Peabody Energy (BTU) has a Zacks Rank of 1 (Strong Buy) and a Value grade of A, indicating it is among the strongest value stocks currently available [3] - The company's Price-to-Book (P/B) ratio is 0.89, which is lower than the industry average of 1.53, suggesting it may be undervalued [4] - BTU's Price-to-Sales (P/S) ratio stands at 0.77, compared to the industry's average of 0.89, further indicating potential undervaluation [5] - The Price-to-Cash Flow (P/CF) ratio for BTU is 4.15, which is attractive relative to the industry average of 5.56, reinforcing the notion of undervaluation based on cash flow [6] - Over the past 12 months, BTU's P/CF has fluctuated between a high of 4.24 and a low of 2.13, with a median of 3.49, showcasing its cash flow stability [6]